After climbing one more step (1000 points) of the growth path, the benchmark index BSE Sensex touched a new milestone of 20k points for the first time and finally ended on a firm note. It seems that the Indian bulls are very confident for all the news to come in their way right from the quarterly results to the RBI''s review of the monetary policy. It just took 10 trading sessions for the Sensex to move from 19000 to 20000 levels. Top 6 stocks contributed to 90% to the 1000 point rally from 19,000 to 20,000. L&T and ICICI Bank were the top contributors with 50% contribution of last 1000 points rally. Further the large caps like L&T, BHEL, RPL, Siemens, HDFC, HDFC Bank were among the star performers in today''s rally. The benchmark index Sensex ended with a gain of 734.50 points at 19,977.67 after touching the all time high of 20,024.87, whereas Nifty also closed with a good gain of 203.6 points to close at 5905.90 after touching the all time high of 5,922.50. Further, BSE Midcap and BSE Smallcap also closed higher with a gain of 161.88 points and 154.25 points at 8,082.54 & 9,705.20 respectively.
BSE Capital goods stood as the start performer of the day as it closed with the highest gain of 1307.51 points at 19,847.66. Fueled it up are Siemens with the highest gain of (12.17%), L&T (10.33%), BHEL (7.42%), Areva (7.24%), and Punj Lloyd (6.71%).
Keeping the others behind, BSE Oil & Gas stood at the second position with the gain of 556.19 points to close at 111,659.65. Scrips gained are Reliance Petroleum (9.80%), Reliance (5.03%), ONGC (7.15%), & GAIL India (2.09%).
BSE Metal also shared the gaining rally with a gain of 445.18 points to close at 17,189.74. Scrips supported are, Jindal Saw (19.99%), Jindal Steel (5.99%), Maharashtra Sea (5.91%), & Sesa Goa (4.62%).
BSE Bankex also followed the gaining rally to closed higher by 376.18 points at 10,649.71. Scrips surged are HBFC Bank (5.99%), ICICI Bank (5.48%), Yes Bank (4.54%), PNB (2.88%).
Monday, October 29, 2007
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